Monday, November 4, 2013

Still short term Bearish on US Equities

I see a pretty quick tank down this week to get the Bears salivating again, and loading up on puts.    Then, slam, Lucy snaps the ball away with a big rally into expiring at end of NEXT week, 10 days from now.

Its a 61% Fibonacci retracement of the drop last week, with 3 stabs up over 3 days, that is enough to dishearten most trading bears.   The market "did it's job"


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Insightful and Useful Comment!